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Sep 28, 2012
09/12
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with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. observers say the government may face difficulties to achieve its reduction target this year. they site sluggish growth due to a deteriorating economy than many analysts had expected. let's get a check on the market. prices rose in new york overnight as they cheered spain's effort to fix troubled finances. we got some economic data and what can you tell us about that? >> before i talk about the stock market let me dpgive you the headline figures. the industrial out put fell 1.3%. that's the second straight month of decline and it is worse than whattagists had expected. second of all we also had some inflation numbers. consumer price index fell 0.3% compared with the same month last year and that's the fourth straight month of decline underscoring japan's deflationary trends eaking of e ock market trading let's check where the nikkei average is. it's up about.2%. analysts are saying that chi
with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. observers say the government may face difficulties to achieve its reduction target this year. they site sluggish growth due to a deteriorating economy than many analysts had expected. let's get a check on the market. prices rose in new york overnight as they cheered spain's effort to fix troubled...
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Sep 27, 2012
09/12
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for a country, virtue is to have your balance of payments, if any not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not ledo, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frchma >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis like undoubtedly the euro zone crise has been, you either accept the distraction-- thi
for a country, virtue is to have your balance of payments, if any not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not...
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Sep 27, 2012
09/12
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unveiled its 2013 budget, promising more big budget cuts as the government tries to reduce its heavy deficit. as turmoil and tension in the euro-zone escalates, there remain questions about the longevity of the euro currency. today, italian prime minister mario monti said he doesn't think any country will leave the union. erika miller reports from new york. >> reporter: as italian prime minister mario monti left today's event, he dodged reporters and walked straight to a waiting car. earlier at the forum, it was a different story. calm, cool and collected, monti stayed carefully on message. he made it clear italy is better off as part of the european union. >> the euro brought to italy a single currency, shared with all the others, that is very important economically. >> reporter: monti also emphasized the benefits of the common currency for other member countries, like germany. >> thanks to the euro, germany was able and is able to have a huge european market free from the risk of competitive devaluations. >> reporter: euro-zone worries have roared back this week, thanks to violent demonstr
unveiled its 2013 budget, promising more big budget cuts as the government tries to reduce its heavy deficit. as turmoil and tension in the euro-zone escalates, there remain questions about the longevity of the euro currency. today, italian prime minister mario monti said he doesn't think any country will leave the union. erika miller reports from new york. >> reporter: as italian prime minister mario monti left today's event, he dodged reporters and walked straight to a waiting car....
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Sep 30, 2012
09/12
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CSPAN
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for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people training, making sure that this still fits what was described by others before me. that is one example. the second example, which has more to do with medium-term and long-term is the series of reforms within place in many of the euro area member states. stronger competition authorities for those professions in other places as well. that is what i mean by growth- friendly measures. short-term for some, no medium terms in results, consequences, or affects. >> a big extension of that, what is your sense of how long it will take those stressful measures of the type the mentioned to pay off? especially in terms o
for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people...
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Sep 27, 2012
09/12
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they don't have a deficit reduction plan. they have a deficit expansion plan. >> i don't worry about the polls. i worry about making sure that my message gets through to the american people and the best chance for that to happen will probably be through debates as well as the ads that we each run over the coming weeks. it will be a very intensive time and i'm absolutely convinced that the american people do not want four more years of the last four years and that's why i'll win. >> pippa, there is so much pressure on mitt romney to perform well at the debates. but it seems quite clear that he's given up what lead he might have had in the polls. will he be able to turn his campaign around and what's the impact for markets? >> bottom line is that the whole race costs down to five states and probably only 11 counties. romney is losing his lead in those counties. and i think part of it is through mistakes that need not have been made. he was campaigning in toledo, ohio, which is never ever going to vote for him. what are they doi
they don't have a deficit reduction plan. they have a deficit expansion plan. >> i don't worry about the polls. i worry about making sure that my message gets through to the american people and the best chance for that to happen will probably be through debates as well as the ads that we each run over the coming weeks. it will be a very intensive time and i'm absolutely convinced that the american people do not want four more years of the last four years and that's why i'll win. >>...
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Oct 3, 2012
10/12
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spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for shares in the coming months. our markets correspondent has more from frankfurt. >> the ipo is a sign of hope for many traders. they are hoping for more ipos to come. 20% of the german mobile phone operator will soon be sold on the stock market according to its parent company. of the ipo process is planned to start as early as this week. all of this is good news for people in the trading floors because ipos only work when there is a certain not of confidence on the markets. a certain amount of reliability. with all of these new players on the stock market, many people here are hoping f
spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for...
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Oct 3, 2012
10/12
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lawmakers must also lay the groundwork on a basic plan to reduce the federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in s
lawmakers must also lay the groundwork on a basic plan to reduce the federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400...
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greece is obviously a deficit country and these surplus countries i think the problem is that they're asking for certain concessions from the deficit countries like greece that go against the heart of autonomy and national self-determination and at the same time the servos countries are not willing to get into bail them out and i think the risk on risk off situation i would see in markets indicates that no one really knows how long that's going to continue but i think the markets are. convinced that it's not going to end well that it's not going to be able to go on and on now the ease increasingly looking east towards the china e.u. summit showed the team to kindle and close a friendship now what do you know thoughts on this relationship is it one that driven by mutual advantage or just desperation by the e.u. has always looked eastward in the sense that they've looked to expand their borders they've continued to move east but the last expansion hit a wall they kind of overextended themselves and i think that if anything this this recent push is an attempt to exhaust all possible opti
greece is obviously a deficit country and these surplus countries i think the problem is that they're asking for certain concessions from the deficit countries like greece that go against the heart of autonomy and national self-determination and at the same time the servos countries are not willing to get into bail them out and i think the risk on risk off situation i would see in markets indicates that no one really knows how long that's going to continue but i think the markets are. convinced...
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Sep 28, 2012
09/12
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unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he
unveils steep tax hikes on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy...
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Oct 2, 2012
10/12
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but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're not three weeks into qe-3 yet and the populous mind set of the markets is that we're done qe-3, let's move on to whatever's next. qe-3 is in my opinion very different from previous qes. the feds tip toe down a path of what i call nominal gdp targeting. we're tying it directly to real economic outcomes. so they're saying they're not going away and they've opened the door to it already without considering more. so it's a big thing and it's particularly helpful to
but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash...
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Sep 26, 2012
09/12
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so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a doomsday device, which is trying to get congress to do its real job, which is to focus on taxes and sbentitlements get a grand bargain. nobody wants it to happen, but we're playing a big game of chicken because nobody wants to do the other things that are necessary to get those deficits down. but look, if we cut $55 billion out of defense, which is what the sequester would do, in one year alone, in 2
so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to...
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it's very substantial becoming one of the biggest line items aha well how nice of them you know the deficit needs all the help it can get but i can imagine that this has some impact on distorting markets to put it mildly and possibly some impact on confidence in the u.s. dollar as the reserve currency as the world still currently looks at it to be so what does it have that the fed is it has this large of a controlling stake in the market was the purchaser of sixty one percent of the treasuries that the treasury issued last year according to one figure i saw yeah i think it's starting to make people question you know what is the value of treasuries how should we be looking at them and i think you know a lot of people look at historical data and show what's the dividend yield on the s. and p. five hundred versus treasuries and by that measure it comes up with stocks looking very cheap i think a lot of people are going to pausing and scratching their heads and saying ok well that's fine but what happens of the fed backs out of the treasury market where's the real market clearing rate so then w
it's very substantial becoming one of the biggest line items aha well how nice of them you know the deficit needs all the help it can get but i can imagine that this has some impact on distorting markets to put it mildly and possibly some impact on confidence in the u.s. dollar as the reserve currency as the world still currently looks at it to be so what does it have that the fed is it has this large of a controlling stake in the market was the purchaser of sixty one percent of the treasuries...
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Sep 29, 2012
09/12
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. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles...
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Sep 30, 2012
09/12
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KPIX
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the most crucial state states in this campaign he used on the above ground states to fund the federal deficit and for not approving the economy when democrats controlled congress. >>> we got of us more dead more deficits and more people struggling to find work and no solutions that actually worked. we're the vice president's appeal to older voters in another battleground state assuring florida seniors that medicare would be around for future generations. greta the action the president took his actually strengthened the medicare trust fund and exceeded this live up to 2024. >>> president obama and the challenger mitt romney are prepping for their first debate. in practice sessions mitt romney will get help from the ohio senator who will play the role of the president. president obama will look to massachusetts senator kerry to stand in for mitt romney. behind in recent polls some campaign watchers said that mitt romney has more riding on the debates as well as more to gain than the president. " of the challenger has the opportunity to establish is competent to stand up and hold his own against
the most crucial state states in this campaign he used on the above ground states to fund the federal deficit and for not approving the economy when democrats controlled congress. >>> we got of us more dead more deficits and more people struggling to find work and no solutions that actually worked. we're the vice president's appeal to older voters in another battleground state assuring florida seniors that medicare would be around for future generations. greta the action the president...
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Sep 28, 2012
09/12
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KICU
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convince creditors that it will continue to reduce an $81 billion deficit. spain may soon seek health from the yur neen central bank. >>> u.s. economic news, first-time unemployment benefits dropped. it's the lowest level we've seen in nine weeks and a sign hiring may be picking up. four-week average new jobs fell to 174,000. the market a double dose of economic news. the dow jones industrial climbed 72 points. nasdaq added 42 points. >>> first step into e-commerce, the new service called gift. memo park company launched gift with select vendors today. new users will be able to click on ipod and send a friend a gift card, chocolates or other real-life presents. it'll also remind you about events such as birthdays or weddings. >>> a week-long celebration will culminate in san francisco tomorrow night. david stevenson tells us how thousands of cyclists are set to take over the streets. >> critical mass cyclists are rolling in san francisco from around the country and around the world to celebrate the movement's 20th anniversary in its home city. >> when it fir
convince creditors that it will continue to reduce an $81 billion deficit. spain may soon seek health from the yur neen central bank. >>> u.s. economic news, first-time unemployment benefits dropped. it's the lowest level we've seen in nine weeks and a sign hiring may be picking up. four-week average new jobs fell to 174,000. the market a double dose of economic news. the dow jones industrial climbed 72 points. nasdaq added 42 points. >>> first step into e-commerce, the new...
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Sep 29, 2012
09/12
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. >> they came to narrow the deficit next year to 3% of national output -- date came to narrow the deficit next year. >> among the measures -- a temporary 75% income tax on earnings over 1 million euros. business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending cuts of 10 billion euros. france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the re
. >> they came to narrow the deficit next year to 3% of national output -- date came to narrow the deficit next year. >> among the measures -- a temporary 75% income tax on earnings over 1 million euros. business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending...
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debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass slowing down money we'll hear from blogger author and radio host karl denninger of the markets are on that and while the budget plans the presidential candidates may not add up we already know the lack of government planning has the u.s. poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting name and the right side what exactly does this entailed one break down the potential damage and word of a day and give you a glaring example of the wasteful costs of political uncertainty all ready documented plus we have a potpourri of manufacturing data out some points to opposite directions for the u.s. and of fluid it points to negative. outcomes in europe are gas will help us make sense of these ingredients and tell us why he thinks the u.s. recession is already baked into the cake let's get to today's capital account. so income obama and. mitt romney are getting ready to face off in t
debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass slowing down money we'll hear from blogger author and radio host karl denninger of the markets are on that and while the budget plans the presidential candidates may not add up we already know the lack of government planning has the u.s. poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but...
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is still part of cope with its own deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million people onto the streets in barcelona is a call for independence away from madrid because a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures. we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just terribly through choice piece and ended in violence of police pushing back the protesters with a big hit by battens having robots their direction and it's also about sixty people were injured in proceedings about thirty people being detained as a worrying sign for so
is still part of cope with its own deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million people onto the streets in barcelona is a call for independence away from madrid because a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top of a...
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Sep 28, 2012
09/12
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KQED
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ministers met to decide how to fix a large hole in the finances and reduce the deficit. the richest households and the biggest companies would bear most of the pain. >> this is a fighting budget to restore the country to health. this is fighting a debt. >> the budget will lead to savings of 30 billion euros next year. that is less than 2% of the economic output. public spending will be frozen. care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he is a new media person and a millionaire and he believes the higher taxes will send a message that france is not open for business. >> the risk is not only that talent will leave the country but the young ones with talent will leave the country. >> this week has seen the paris motor show. hard selling in tough times. the french economy is stagnating and workers are being laid off. eight thousands at peugeot alone. some argue that if france is to grow again, it needs radical reform. >> in france, we must do everything for the future to have our industry competitive. beyond retreat -- restructuri
ministers met to decide how to fix a large hole in the finances and reduce the deficit. the richest households and the biggest companies would bear most of the pain. >> this is a fighting budget to restore the country to health. this is fighting a debt. >> the budget will lead to savings of 30 billion euros next year. that is less than 2% of the economic output. public spending will be frozen. care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he...
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zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france's current leader may fall into the same trap many of his criticizers deal. who who who the past decades of governments have been cutting and cutting and cutting mostly to expenses to balance budgets but in fact the more they cut the slower the economic growth and consequently more cuts this will be a catastrophic budget i think taxing the rich and unprecedented seventy five percent for those that earn however a million euros a year was one of our lands crucial election promises allow a publisher editor and a french millionaire says the move is nothing but a political game. did this to make his electorate come d
zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france's...
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Sep 26, 2012
09/12
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FOXNEWS
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. >> another vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we took emergency actions. that accounts for 10% of this increase in the deficit. >> now the economy is front and center one week from tonight at the first presidential debate. two days later the president gets a september jobs report. interesting a moment ago he told the crowd he wants to export more jobs. quickly correcting himself and said he wants to export more products and joked i was channeling my opponent there. bret? >> bret: standing next to carl are you? it looks like carl's backdrop. ed henry -- >> very similar. >> bret: thank you very much. now to the international news. close circuit video o
. >> another vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we...
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Sep 25, 2012
09/12
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CNBC
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on the deficit you can the one issue, by the way, romney is going to win, 73-6, worse, that is unbelievable, way off the charts. romney eeks out a gain here or a win within the poll's margin of error of 3 1/2%. one more thing i want to show you this is foreign policy in the news, the u.n. meeting in the news this week, america's standing on the world, 16% of americans worse off than four years ago, 44% think obama would be better for that issue in the next four years. why is this? let's take a quick look here. slightly better economic numbers? no our economic numbers show people think thing are about as lousy as they have been s it perhaps, next item, somewhat better stock market? not really. people don't think the stock market is that great. three reasons come up from our pollsters why this may be true. changes in racial support, personal appeal and tax issues. let me go through these real quickly. look at what happened in support from different racial groups here from our june survey to our september survey. latinos, bumped up by 15 points right there. african-americans bumped up by 23. 9
on the deficit you can the one issue, by the way, romney is going to win, 73-6, worse, that is unbelievable, way off the charts. romney eeks out a gain here or a win within the poll's margin of error of 3 1/2%. one more thing i want to show you this is foreign policy in the news, the u.n. meeting in the news this week, america's standing on the world, 16% of americans worse off than four years ago, 44% think obama would be better for that issue in the next four years. why is this? let's take a...
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supporters in favor of prime misra boyd and his government who recognize there's a need to cut the deficit at present and the for austerity when it comes to this austerity what we are seeing really a stubbornness of both sides those protesters who remain increasingly stubborn they won't stand down for their cause they want the government to be changed but also on the other side of the fence you have the government under prime minister a whore and they seem increasingly willing to follow through on this pattern of austerity and not listen to the voices the shouts that we're hearing quite regularly now in central richer it i want an end to these cuts and an end to the austerity. so i have see you in the program disillusioned and. disenfranchised. i figure that's when young people go off sometimes they head off the roads because they have nothing to do you go on employment in the u.k. is that crisis levels report on the why the efforts to talk a little are not worth. pans out football's governing body fever are nonces day eleven host cities will the twenty eighth in world cup which will take
supporters in favor of prime misra boyd and his government who recognize there's a need to cut the deficit at present and the for austerity when it comes to this austerity what we are seeing really a stubbornness of both sides those protesters who remain increasingly stubborn they won't stand down for their cause they want the government to be changed but also on the other side of the fence you have the government under prime minister a whore and they seem increasingly willing to follow through...
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s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just stared through to him peace and ended in violence of police pushing back the protesters were being hit by battens having bullets fired in their direction and it's also about sixty people were injured in proceedings about thirty people being detained as a worrying sign for some of these demonstrations turned more violent as the as a continued. and those inspiring the crowds in spain dubbed the indignados or the fifteenth of may movements named after the day when this series of mass demonstrations in the country started last year and some petro from there were a show on college university who also took part in this week's protests explains how popular the movement actually is among the people you are talking about this sp
s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just stared through to him peace and ended in violence of police pushing back the protesters were being hit by battens having bullets...
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powerhouses without taking on some of the financial liable the financial risks of the liabilities of these deficit countries that are the airport. well that's exactly the burden and debate right now and that's your question goes right to the heart of it if you listen to all your rants the only relevant is that european commissioner and vice president of the european commission is in charge of economics a very spread he's the top economics official in europe you'll hear him always talk about the need for the surplus countries to also bear some of the burden of the adjustment and what he's talking about or example is in germany allowing wages to rise faster so that consumption at home can balance out some of that surplus clearly not every country in the eurozone or in europe can be germany. it's just not possible that's not a model that can be replicated in every single place and some of that burden of adjustment has to be taken on from these countries the question of taking on risk which is related to bailing countries out as well because these countries are creditor countries is also a. very good
powerhouses without taking on some of the financial liable the financial risks of the liabilities of these deficit countries that are the airport. well that's exactly the burden and debate right now and that's your question goes right to the heart of it if you listen to all your rants the only relevant is that european commissioner and vice president of the european commission is in charge of economics a very spread he's the top economics official in europe you'll hear him always talk about the...
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and what do we do about the deficit? >> john, it's great to have you on the program. thank you so much. >> thanks, maria. >> john thain joining us as chairman and ceo at cit. let's get to brian shackman. >> fascinating to look at this. they beat on eps and revenue. the the revenue was 6.67. take a look at the stock. it is dropping and continues to drop. now down 4%. it's been a percent every two minutes during that thain interview. we were looking at margins, looking at china, and the u.s. margins were compressed. that's a negative. china was better than expected. that's not offsetting things. u.s. was better than expected. that's not offsetting things. europe was supposed to be up 3.4%. it was down 5%. they paid more in taxes. their sg&a means they're spending more than they're taking in. it's a mixed bag. >> all right, brian. thank you so much. meanwhile, we told you research in motion out with earnings. the stock is soaring in the extended hours trading session. what does that mean to investors in we have the analysis on r.i.m. next. >>> and would you spend twice y
and what do we do about the deficit? >> john, it's great to have you on the program. thank you so much. >> thanks, maria. >> john thain joining us as chairman and ceo at cit. let's get to brian shackman. >> fascinating to look at this. they beat on eps and revenue. the the revenue was 6.67. take a look at the stock. it is dropping and continues to drop. now down 4%. it's been a percent every two minutes during that thain interview. we were looking at margins, looking at...